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Mid-Morning Market Update: Markets Open Higher; Walmart Earnings Miss Estimates

Benzinga Real-time News ·  May 17, 2022 22:24

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.97% to 32,536.92 while the NASDAQ rose 1.70% to 11,860.81. The S&P also rose, gaining, 1.30% to 4,060.03.

Also check this: Executives Buy Around $1.6M Of 4 Penny Stocks



Leading and Lagging Sectors



Financials shares jumped by 2.3% on Tuesday. Meanwhile, top gainers in the sector includedSunlight Financial Holdings Inc.(NYSE:SUNL), up 15% andForge Global Holdings, Inc.(NYSE:FRGE) up 10%.



In trading on Tuesday, consumer staples shares fell 1.4%.



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Walmart Inc (NYSE:WMT) reported mixed financial results and lowered...

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